Authorized & Normal pronounces board reshuffle and retirements

LONDON – Authorized & Normal Group Plc (LSE:LON:LGEN) has introduced a sequence of modifications to its board of administrators as a part of its long-term succession planning, in response to a inventory alternate launch on Thursday. The modifications embody the appointment of Henrietta Baldock as Senior Impartial (LON:IOG) Director designate, the addition of Mark Jordy as an unbiased Non-Govt Director, and the retirements of Lesley Knox and Philip Broadley after 9 years of service.

Lesley Knox is ready to retire from the board on Could 21, 2025, adopted by Philip Broadley on August 31, 2025. Each Knox and Broadley have served as Non-Govt Administrators for 9 years, with Knox additionally chairing the Remuneration Committee and the corporate’s asset administration division, Authorized & Normal Funding Administration (Holdings) Restricted (LGIM(H)). Broadley has been the Audit Committee Chair throughout his tenure.

Henrietta Baldock, who joined the board in October 2018 and at present chairs the corporate’s principal insurance coverage working subsidiary, Authorized & Normal Assurance Society Restricted (LGAS), will succeed Knox because the Senior Impartial Director on Could 21, 2025. On this function, Baldock will lead the board succession course of for the Chair.

Mark Jordy, who’s at present Chair of LGIM(H), will be a part of the board on July 1, 2025. His intensive expertise in asset administration is anticipated to reinforce the board’s oversight of the corporate’s progress plans, significantly in private and non-private markets. Jordy has held a number of roles at Wellington Administration Firm, together with Chief Govt, EMEA Workplace, and serves as a Non-Govt Director for LGT and LGT Capital Companions (WA:CPAP). He’ll proceed to chair LGIM(H) and be a part of the Group Nominations and Company Governance, Remuneration, and Threat Committees upon his appointment.

Carolyn Johnson will change into the Designated Workforce Director beginning April 1, 2025, taking on from Nilufer Kheraj when her time period ends. This function includes engagement with the corporate’s workforce.

Sir John Kingman, Group Chair, expressed his delight at welcoming Jordy to the board and his anticipation of working with Baldock in her new function. He additionally thanked Knox and Broadley for his or her vital contributions to the corporate.

Authorized & Normal is a number one monetary providers group within the UK, with £1.2 trillion in whole belongings beneath administration as of the primary half of 2024. The corporate is targeted on serving the long-term financial savings and funding wants of its clients and is dedicated to accountable investing.

This board restructuring is a part of Authorized & Normal’s technique to keep up sturdy governance and assist its progress aims. The data concerning these modifications relies on a press launch assertion from the corporate.

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